Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
1- Bullish Sub-Wave-3 is on cards after Correction completion
2-Two Bullish Candlestick patterns formation on 09-12-2011
3- Nifty-Micro Analysis of Intra Day Chart For 12-12-2011
Asian markets are moderately up after strong rally in US and European markets last Friday therefore sentiment is positive today morning and Indian markets will open in Green and firstly trade within last Friday trading range(4842-4918).
Intraday consolidation patterns with two Bullish Candles patterns formation was seen last Friday,as per Candlestick theory confirmation of the trend reversal would be a higher open on the next trading day and that will be seen today. Expected that finally sustaining above 4918 will be seen after follow up buying in the coming sessions. Lower levels intraday support and fresh rally beginning indications after correction completion last Friday but crossing of next first resistance range( 4928-4980) is must for confirmations because long and Intermediate term trends are down at present.
Expected that follow up consolidation will be seen today and Indian markets will finally move and sustain above 4918 and close positive today.
1- Bullish Sub-Wave-3 is on cards after Correction completion
2-Two Bullish Candlestick patterns formation on 09-12-2011
3- Nifty-Micro Analysis of Intra Day Chart For 12-12-2011
Asian markets are moderately up after strong rally in US and European markets last Friday therefore sentiment is positive today morning and Indian markets will open in Green and firstly trade within last Friday trading range(4842-4918).
Intraday consolidation patterns with two Bullish Candles patterns formation was seen last Friday,as per Candlestick theory confirmation of the trend reversal would be a higher open on the next trading day and that will be seen today. Expected that finally sustaining above 4918 will be seen after follow up buying in the coming sessions. Lower levels intraday support and fresh rally beginning indications after correction completion last Friday but crossing of next first resistance range( 4928-4980) is must for confirmations because long and Intermediate term trends are down at present.
Expected that follow up consolidation will be seen today and Indian markets will finally move and sustain above 4918 and close positive today.